Victoria Gold Corp.

Victoria Gold Corp. is a leading gold exploration and development company. The Company's Eagle Gold Project in Yukon Canada hosts a National Instrument 43-101 compliant Reserve of 2.7 million ounces of gold. The Eagle Gold Project is shovel-ready and when in production will produce ~200,000 ounces of gold annually at an operation cost of approximately $550 per ounce. The Project is permitted for construction and operations. Victoria's shareholders are well positioned to participate in a highly leveraged gold play and construction of the largest gold mine in Yukon history.

Expert Comments:

Adam Melnyk, PI Financial (8/3/17)
"Victoria Gold Inc.'s initial results from Popeye are early-stage, encouraging results testing the potential of additional targets. . .the 2017 drill program will continue to focus largely on further exploration at the Olive-Shamrock zone, in addition to testing five other regional targets at the project all located within ~5 km of the Eagle Gold deposit target."

Don Blyth, Paradigm Capital (8/1/17)
"Victoria Gold Corp. announced the execution of a commitment letter for the $220M project finance facility for the construction of the Eagle gold mine. . .the arrangement of project debt is an important milestone toward a development decision for the Eagle project. . .the project debt financing is proof that the company's management is prepared to build."

Chris Thompson, Raymond James (7/31/17)
"Victoria Gold Corp. and BNP Paribas have executed a commitment letter for a $220M senior, secured project debt facility to fund the construction of Victoria's Eagle gold project. . .this is expected to represent the foundation of a financing package to satisfy Eagle's full initial capex requirement and the company's working capex needs through construction and first production."

Adam Melnyk, PI Financial (7/31/17)
"Victoria Gold Corp. has received commitment from BNP Paribas that it will underwrite 100% of the planned CA$275M ($220M) project finance facility for the construction of the Eagle gold mine. . .our NAV/share has increased from $1.08 to $1.12 based on a 3% decrease of the corporate tax rate announced on June 7 by the Yukon government. . .we are maintaining a Buy rating."

A trio of analysts sees exploration upside at this company's fully permitted and shovel-ready project in the Yukon.
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Derek Macpherson, Red Cloud Klondike Strike Inc. (7/24/17)
"Victoria Gold Corp. reported results from 17 holes drilled from the Eagle West zone on its Dublin Gulch property in the Yukon. Results were highlighted by hole DG17-806C which included 0.99 g/t Au over 31.5m and hole DG17-821C which included 1.03 g/t Au over 35.2m. . .we expect continued exploration success to be a positive catalyst for the stock and should help demonstrate the exploration upside that exists."

Ryan Walker, Echelon Wealth Partners (7/24/17)
"Victoria Gold Corp. reported assays from another 17 holes drilled on the Eagle West zone, ~500m northwest of the Dublin Gulch oxide-gold project's planned Eagle open pit. . .the near-surface results continue to suggest the potential for relatively quick mine life additions while also demonstrating the substantial exploration potential remaining along the 18 km long Potato Hills trend at Dublin Gulch."

With primary targets still not accessible due to weather, secondary targets are the focus, and analysts Ryan Walker of Echelon Wealth Partners and Adam Melnyk of PI Financial weigh in on the latest results.
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The Gold Report examined Victoria Gold's Eagle Project in February and is now checking in on the company's progress after two back-to-back news releases last week.
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More Expert Comments

Experts Following This Company

Don Blyth, Analyst – Paradigm Capital
Eric Coffin, Owner – HRA Advisory
Ann Margaret Crow – Edison Investment Research
Richard Gray, Analyst – Cormark Securities
Tony Hayes – Euro Pacific Canada
Tom Hayes, Analyst – Edison Investment Research
Timothy Hayes – Davenport & Co.
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
Byron King, Editor – Agora Financial
James Kwantes Resource Opportunities
Thibaut Lepouttre, Editor Caesars Report
Derek Macpherson, VP Mining Analysis – Red Cloud Klondike Strike Inc.
Adam Melnyk – Desjardins Securities
Chris Thompson, Mining Analyst – Raymond James
Ryan Walker, Analyst – Echelon Wealth Partners

The information provided above is from analysts, newsletters, the company and other contributors.

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The company description, investing highlights and catalyst calendar on this page were prepared by the company. The Expert Comments and Experts Following This Company sections of this page are compiled by Streetwise Reports. There may be other information about the company that is not placed on this page. Streetwise Reports does not guarantee the accuracy or thoroughness of the information contained on this page.

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Readers should conduct their own research for all information publicly available concerning the company.

Investing Highlights
Permitted, shovel ready, economically robust project
High leverage to increasing gold price
Cash in treasury
Yukon is a mining friendly jurisdiction
Blue Sky Potential